UK’s green economy worth £46.2bn in 2014

The UK’s low carbon and renewable energy (LCRE) economy generated £46.2 billion in 2014. Final estimates from the Office for National Statistics (ONS) reveal around 96,500 businesses in the UK operated in the LCRE sector, employing 238,500 full-time workers. The majority of businesses were in the construction industry, which generated £12.4 billion and employed 96,500 […]

UN supports green economy in Europe

The UN will help European countries to change their environmental policy into a green economy. The programme between the UN Environmental Programme (UNEP) and the UN Economic Commission for Europe (UNECE) will create a plan to promote sustainable development in the region by improving the air qualify and fighting climate change. Achim Steiner said: “Countries […]

Major new survey to measure UK’s green economy

A major new survey that aims to find out the contribution of low carbon and green energy to the UK economy has been launched. The Office for National Statistics (ONS) will send out the ‘Low Carbon and Renewable Energy Economic Survey’ to 40,000 businesses, including those involved in energy production, manufacturing, construction and waste production. […]

Miliband: Labour will secure UK’s position as green world leader

Ed Miliband said a future Labour government would secure the UK’s position as a “world leader” in green industries by 2025. In his last conference address before next year’s general election, the Labour Party leader pledged to create a million green jobs as he warned the UK is falling behind other nations as a market […]

Green businesses worth £25bn to London economy

London’s green economy is booming as the sector is worth around £25.4 billion to the capital’s economy, a new report revealed. Figures from Mayor Boris Johnson’s Office also showed the Low Carbon and Environmental Goods and Services (LCGES) sector has grown from £20.9 billion in 2007/08 to £22.9 billion in 2009/10. It also rose by […]

Drax gets £100m loan for biomass switch

Drax has secured up to £100 million from the Green Investment Bank (GIB) to support its switch from coal to biomass. The cash will help Drax power station, the largest in Western Europe, convert three of its six 660MW coal units to operate on biomass. It has a generating capacity of 3,960MW and provides around […]

UK’s Green Investment Bank open for business

The UK’s Green Investment Bank (GIB) has officially been declared open as new details of its first investments are announced. Funded with £3 billion of Government money, the GIB is designed to encourage private sector investment in the UK’s transition to a green economy. Speaking in Edinburgh where the new bank is headquartered, Business Secretary […]

Do you want to help create a ‘renewables revolution’?

Have you ever wanted to help build a green economy? Well, a new scheme lets you do just that allowing you to invest in renewable energy projects from as little as £5. Abundance Generation launched the investment platform, which gives people the chance to invest between £5 and £50,000 in energy generation, offering returns between […]

Green Deal should be a “win-win” for consumers

The Government’s Green Deal initiative has to be a “win-win” for consumers in order for it to work, according to a property consultancy firm. Richard McCarthy, Executive Director at Capita Symonds said the scheme isn’t going to work with just a few calculations and lots of “finger-crossing”. His comments were made at Base London yesterday […]

UK’s “stalled” green economy could slip further

The green economy which David Cameron declared would be crucial in leading the country out of recession has “stalled” and is in danger of slipping further behind, MPs warned today. On the day financial crisis in Europe looked even less likely to clear up with the prospect of Greece exiting the euro firmly on the […]